Car loan flex commissions class actions

If the Court approves the proposed settlement, the settlement sum will be distributed to eligible group members pursuant to a settlement distribution scheme.  A copy of the proposed settlement distribution scheme is available here. It is subject to approval by the Court. The settlement distribution scheme aims to deliver a simple, fair and cost-effective way to distribute the settlement funds to eligible group members.

Under the proposed settlement distribution scheme, the settlement sum will not be divided equally between eligible group members. This is because group members’ claims have different values, risks and complexities associated with them. 

We are unable to provide group members with an estimate of the amount of money they will receive if found eligible to participate in the proposed settlement. This is because any amount of compensation they receive will depend on a range of factors, including the:

• number of group members who registered to participate in the proposed settlement;
• terms of their loan contract; and
• date on which they entered their car loan contract.

At this stage, we are unable to tell eligible group members when they will receive compensation.   

The Court will be asked to approve the following deductions from the settlement sum before the remainder is distributed to eligible group members.

Legal costs:

The Court has made a ‘group costs order’ of 24.5% in this proceeding. This means that Maurice Blackburn will be paid 24.5% of the settlement sum (i.e., $20,825,000) for legal costs and the risks it took in running the class action from August 2020 to 9 May 2025. The Court may adjust the group costs order if it considers it appropriate to do so. 

Plaintiff’s reimbursement payment: 

The Court will be asked to approve a reimbursement payment of $30,000 to the Plaintiff to compensate him for his time associated with the class action. 

Settlement administration costs: 

The Court will be asked to appoint Maurice Blackburn as the settlement administrator to implement the settlement distribution scheme. 

We estimate that there will be up to $3.5 million in settlement administration costs associated with implementing the settlement distribution scheme. 

You will never be asked to pay any costs out of your own pocket. 

The Court has made a group costs order of 24.5% in the class action. This means that Maurice Blackburn will be paid 24.5% of the settlement sum for legal costs and the risk it took in running the class action. The Court will also be asked to approve the Plaintiff’s reimbursement payment and settlement administration costs as outlined above.  These costs will be deducted from the settlement sum before the remainder is distributed to eligible group members.